Multiple Choice
If a tax is imposed on the buyer of a product,what is the effect on the demand curve
A) It shifts downward by the amount of the tax.
B) It shifts upward by the amount of the tax.
C) It shifts downward by less than the amount of the tax.
D) It shifts upward by more than the amount of the tax.
Correct Answer:
Verified
Correct Answer:
Verified
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